From TradingView · · 30s
CADJPY Bearish Pattern Alert
CADJPY completes bearish bat pattern near 112.615.
In brief
CADJPY completes bearish bat pattern near 112.615. CADJPY reached 112.615 after completing a bearish bat pattern, signaling potential bearish reversal. Originally reported by TradingView.
CADJPY Bearish Pattern
CADJPY reached 112.615 after completing a well-structured bearish bat pattern within a key resistance zone.
Fibonacci Alignment
Fibonacci ratios show strong harmonic alignment with bearish RSI divergence indicating weakening bullish momentum.
Resistance Test
Price is testing upper resistance above volume profile's primary high-volume region for bearish rejection.
Here's the gist
CADJPY reached 112.615 after completing a bearish bat pattern, signaling potential bearish reversal.
